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12:05 AM ET, June 2, 2022


 Top News: 
Borys Kit / Hollywood Reporter:
Sources: Netflix's feature film division is focusing on making fewer but bigger and better movies, amid lagging subscriber growth and rising competition  —  The Scott Stuber-run division is adjusting to a new set of realities as it readies a $200 million-plus ‘The Gray Man’ from the 'Avengers …
Don Moynihan / Can We Still Govern?:
Sources: Warner Bros. Pictures Group chairman Toby Emmerich will step down, to be replaced by Michael De Luca and Pamela Abdy, who together previously led MGM  —  Veteran film executive Toby Emmerich is exiting his post as Warner Bros. Picture Group chairman, three sources told Variety.
Peter Kafka / Vox:
Some Hollywood insiders cheer Netflix's slowing growth but others worry its problems are streaming's problems and the market isn't as big as everyone had hoped  —  Netflix is losing subscribers.  Does that mean Netflix has a problem or that streaming has a problem?  —  Hollywood spent years ignoring Netflix.
Leah Nylen / Bloomberg:
Sources: the FTC is scrutinizing Amazon's acquisition of MGM Studios as part of its revamped antitrust probe of Amazon  —  The US Federal Trade Commission has revamped its antitrust probe of Inc., shaking up the investigative team, re-interviewing potential witnesses and asking questions …
Discussion: Axios, @ne0liberal, @profgalloway and Reason
Katie Robertson / New York Times:
Vox Media Union, which covers about 350 workers, says its members signed a pledge to strike if a deal can't be reached when its contract expires on June 13  —  The Vox Media Union's contract expires at midnight on June 13.  The union is seeking cost-of-living raises and affordable benefits.
Lauren Forristal / TechCrunch:
Jim Waterson / The Guardian:
The BBC says an October 2021 article claiming some lesbians feel pressured into sex by trans women did not meet its accuracy standards in three different ways  —  Article claiming some lesbians feel pressured into sex by trans women found to have fallen beneath standards
Patrick Brzeski / Hollywood Reporter:
Research: Disney+ Hotstar added 2.8M subscriptions in Q1 2022 in Southeast Asia to hit 39.5M total, capturing 22% of new streaming subscribers in the region  —  Disney+ Hotstar became the first premium SVOD service to reach 5 million subscribers in Indonesia, while Netflix still leads the race in the rest of Southeast Asia.
Alex Sherman / CNBC:
NESN, which broadcasts Boston Red Sox and Boston Bruins games, becomes the first US regional sports network to launch a DTC streaming service, for $30 per month  —  - NESN, which broadcasts Boston Red Sox and Boston Bruins games, is the first regional sports network in the U.S. to launch …
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 More News: 
Sheryl Sandberg is leaving Meta this fall after 14 years, and chief growth officer Javier Olivan will take over as COO; Sandberg will stay on Meta's board
Rest of World:
Netflix's crackdown on password sharing in Peru, which lets subscribers add up to two users who they don't live with, has caused confusion and cancellations
Luc Cohen / Reuters:
Sarah Palin loses her bid for a new defamation trial against The New York Times, after her lawyers asked the judge to disqualify himself; Palin plans to appeal
 Earlier Picks: 
New York Times:
Forbes ends its plan to go public via a SPAC merger at a $630M valuation, after announcing the deal with Hong Kong's Magnum Opus in August 2021
Greg Stohr / Bloomberg Law:
SCOTUS blocks Texas' social media content moderation law in a 5-4 vote, putting the measure on hold while a constitutional challenge proceeds in a lower court
Nate Raymond / Reuters:
New report shows policymakers approved a plan to end PACER fees for non-commercial online court records searches, as Congress debates requiring free downloads
Ethiopia's state-appointed human rights body calls for the immediate release of 16 recently arrested journalists and media personnel